198 University Ave Lowell, MA 01854
Pawtucketville NeighborhoodEstimated Value: $478,061
3
Beds
3
Baths
2,610
Sq Ft
$183/Sq Ft
Est. Value
About This Home
As of October 2019This is your chance to own a great mixed use property with 2 commercial spaces and 1 residential upstairs and pay very little to none towards mortgage! Investors, this property has excellent potential. It's a few blocks away from UMASS and on a huge street. Potential income could be $3k+. Each commercial space comes with a half bath and a boiler room/closet. The hair salon has a break room as well. The tenants are long term and are very good with their rent. Upstairs has 3 bedrooms with good closet space, hardwood floors, big eat-in kitchen and a nice huge rubber roof deck. There's residential on-street parking only but there are plenty of them!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,885
Year Built
- Built in 1930
Lot Details
- 3,485
Additional Features
- Deck
- Natural Gas Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number M:96 B:5830 L:198
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 22, 2012
Sold by
Jamina Solomon E and Bayview Loan Svcng Llc
Bought by
Bayview Loan Svcng Llc
Total Days on Market
5
Current Estimated Value
Purchase Details
Closed on
Jan 6, 2006
Sold by
Kotsonas Nicholas J
Bought by
Boachie Marie A and Shepard Mildred T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.28%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 30, 1999
Sold by
Reta Rt and Cote
Bought by
Kotsonas Nicholas C
Purchase Details
Closed on
Nov 19, 1997
Sold by
Franklin Credit Manage
Bought by
Reta Rt and Cote
Purchase Details
Closed on
Oct 14, 1997
Sold by
Mclaughlin William C and Franklin Credit Manage
Bought by
Franklin Credit Manage
Similar Homes in Lowell, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bayview Loan Svcng Llc | $139,300 | -- | |
| Bayview Loan Svcng Llc | $139,300 | -- | |
| Boachie Marie A | $270,000 | -- | |
| Boachie Marie A | $270,000 | -- | |
| Kotsonas Nicholas C | $110,000 | -- | |
| Kotsonas Nicholas C | $110,000 | -- | |
| Reta Rt | $32,000 | -- | |
| Reta Rt | $32,000 | -- | |
| Franklin Credit Manage | $52,000 | -- | |
| Franklin Credit Manage | $52,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tran Rachel | $250,000 | |
| Closed | Tran Rachel | $240,000 | |
| Closed | Nguyen Casey | $1 | |
| Closed | Franklin Credit Manage | $0 | |
| Previous Owner | Boachie Marie A | $189,000 | |
| Previous Owner | Boachie Marie A | $54,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2019 10/01/19 | Sold | $320,000 | +6.7% | $123 / Sq Ft |
| 07/27/2019 07/27/19 | Pending | -- | -- | -- |
| 07/22/2019 07/22/19 | For Sale | $299,999 | -- | $115 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,885 | $352,500 | $109,600 | $242,900 |
| 2024 | $7,837 | $336,800 | $104,400 | $232,400 |
| 2023 | $7,613 | $312,500 | $94,900 | $217,600 |
| 2022 | $0 | $306,200 | $94,900 | $211,300 |
| 2021 | $0 | $283,400 | $82,600 | $200,800 |
| 2020 | $6,518 | $243,500 | $82,600 | $160,900 |
| 2019 | $5,244 | $237,900 | $82,600 | $155,300 |
| 2018 | $5,083 | $220,700 | $78,600 | $142,100 |
| 2017 | -- | $215,000 | $78,600 | $136,400 |
| 2016 | -- | $209,500 | $78,600 | $130,900 |
| 2015 | -- | $209,500 | $78,600 | $130,900 |
| 2013 | $6,258 | $190,600 | $87,400 | $103,200 |
Source: Public Records
Agents Affiliated with this Home
-
Lien Pham
Seller's Agent in 2019
Lien Pham
Lien Pham
(617) 606-1980
1 in this area
57 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72538409
APN: LOWE-000096-005830-000198
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